Vice President M. Hamid Ansari on Wednesday said upcoming technologies like manufacturing of robotics and improved cost-efficiency in renewable energy will reshape geopolitics.
"Every two years, for example, solar installation rates are doubling, and photovoltaic-module costs are falling by about 20 per cent," Ansari said while delivering an address on 'Some Thoughts on the World of Tomorrow' at Yerevan State University (Armenia) where he was awarded an honorary doctorate degree.
"By 2030, solar power will be able to provide 100 per cent of today's energy needs; by 2035, it will seem almost free -- just as cell-phone calls are today," he added.
Speaking on the impact of the new energy forms on geo-politics, Ansari said: "Another surge of growth would spell the imminent extinction of the fossil-fuel industry, and with it the geostrategic significance that hydrocarbon rich states have enjoyed."
"This will have a cascading impact on the regional security architectures in many parts of the world as well as pan-global ramifications," he added.
Talking on the disruptive impact of digital manufacturing and robotics, the Vice President said: "Robots are also uniformly productive irrespective of geography. As manufacturing centres will shift closer to consumption centres, the geostrategic significance of trade routes and demand for transportation will also diminish."
On Tuesday, India and Armenia signed three agreements after Ansari held a bilateral meeting with Armenian Prime Minister Karen Karapetyan in Yerevan.
Ansari reached the Armenian capital on Monday. On Wednesday, he will leave for Poland on the second and last leg of his visit abroad.
--IANS
rs/sm/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
